Fed set to downgrade outlook in the U.S.
James Politi Finacial Times The Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways…
Economy
Flashback VIDEO: Pro-State Bank Gov. Candidate Bernero OWNS Fox News Host
Activist Post Former Lansing Mayor and current Democratic candidate for Governor of Michigan Virg Bernero in a flaskback video where he owns Fox News anchor…
Dollar nears 15-year low versus yen
Vivianne Rodrigues Reuters The U.S. dollar approached a 15-year low against the yen on Friday and fell against the euro after news that the United…
What a Collapsing Empire Looks Like
Glenn Greenwald Salon As we enter our ninth year of the War in Afghanistan with an escalated force, and continue to occupy Iraq indefinitely, and…
Proponent of State-Owned Bank Wins Democratic Nod in Michigan Governor’s Race
Darcy G. Richardson Uncovered Politics Lansing Mayor Virg Bernero, one of at least a dozen candidates pushing the idea of a publicly-owned bank in the…
Escaping the Sovereign Debt Trap: The Remarkable Model of the Commonwealth Bank of Australia
Ellen Brown Blacklisted News Virg Bernero, the mayor of Lansing, Michigan, just won the Democratic nomination for governor of his state, making a state-owned Bank…
Libraries Closing Despite Rise in Attendance
My Fox NY New Jersey’s most impoverished city will close all three branches of its public library at year’s end unless a rescue can be…
US Postal Service loses $3.5 bln in third quarter
Reuters * Postal Service concerned with future liquidity * Says regulatory changes necessary for fiscal stability * Customer group disputes prediction for cash shortfall (Adds…
Tony Blair Must Be Arrested
John Pilger New Statesman Having helped destroy other nations far away, our former prime minister — “peace envoy” to the Middle East — is now…
An Avoidable Depression
Mike Whitney Counterpunch The economy has gone from bad to worse. On Friday the Commerce Department reported that GDP had slipped from 3.7% to 2.4%…
The IMF Push for a New Global Currency
Llewellyn H. Rockwell, Jr. Lew Rockwell You surely didn’t think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme…
Food Prices Warning as World Wheat Costs Rise
Adrian Lowery This Is Money Shoppers were warned today that food prices are set to soar further, after food inflation already jumped in July. Hovis…
Food stamp use hit record 40.8m in May
Boston Globe (Bloomberg News) The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered…
Dare to Prepare: Collapse of Civilization Now Guaranteed
Eric Blair Activist Post “It has been written” as the saying goes. For many generations there have been small groups of people who have researched…